Using ideas of S. Wassermann on non-exact $C^*$-algebras and
property T groups, we show that one of his examples of non-invertible
$C^*$-extensions is not semi-invertible. To prove this, we
show that a certain element vanishes in the asymptotic tensor
product. We also show that a modification of the example gives
a $C^*$-extension which is not even invertible up to homotopy.